Link Securities | According to Tinsa’s IMIE General and Large Markets index, the price of housing in Spain rose by 5.5% in December in year-on-year rate, the Expansión newspaper published yesterday. The final figure for December puts the year-on-year change in house prices in 4Q2024 at 4.6%, two tenths more than the provisional 4.4% published on 30 December in the IMIE Local Markets statistics. In the annual accumulated, all groups…
Alphavalue/Divacons | The Spanish alternative energy company was awarded a contract by Sanepar (Sanitation Company of Paraná) for the concession of sanitary sewerage services in 48 municipalities in the West and Central-East micro-regions of the state of Paraná, in southern Brazil. The public-private contract, worth €324 million, includes investment in sanitation infrastructure, including sewerage networks, pumping stations and wastewater treatment plants, as well as the operation and maintenance of these…
The Government is considering a special tax or a surcharge on the Transfer Tax to limit the acquisition of houses in Spain by non-resident non-EU foreigners, who mainly buy along the coast. Non-resident foreigners purchase 55,000 houses per year, compared to the 90,000 that are built. This is one of the most innovative measures of the housing plan that the President of the Government, Pedro Sánchez, announced on Monday in…
Link Securities | Virgin Group, Richard Branson’s group, is analysing models from Talgo and three other companies (Alstom, Siemens and Hitachi) to incorporate a dozen trains to start operating on the cross-Channel rail link, the Eurotunnel, Expansión newspaper reports today. The British company is leading a project that foresees an investment of €1.2 billion. The British regulator has yet to decide how much space there is for new operators. Virgin…
Banc Sabadell: Airbus published last week that it delivered 123 aircraft during the month of December (versus 84 in November ’24 and 112 in December ’23), bringing total deliveries in 2024 to 766 (versus 735 in 2023, up 4%), practically meeting the target of delivering 770 aircraft this year (the company considers plus/minus 20 aircraft to be within the guidance range). In addition, a total of 99 new orders and…
Alphavalue / Divacons | The Spanish construction, services and concessions company, and Construcciones Rubau, began work last Friday on the extension and rehabilitation of the Ter drinking water treatment plant (DWTP), one of the largest drinking water treatment plants in Catalonia. The project, commissioned by Ens d’Abastament d’Aigua Ter-Llobregat (ATL), will be carried out by Ferrovial’s water infrastructure subsidiary Cadagua and Rubau’s Arema. The project has a budget of €102…
Link Securities| According to data from the General Bureau of Customs, China’s trade surplus rose to $104.84 billion in December from $75.31 billion in the same month a year earlier, also beating analysts’ consensus forecast of a $99.8 billion surplus. The figure is the largest since February, driven by a rebound in exports. In particular, exports rose 10.7% year-on-year, beating estimates for a 7.3% increase and accelerating from November’s 6.7%…
Intermoney | The President of the Government, Pedro Sánchez, announced on Monday his intention to restrict the REITs regime except in the case that the companies promote housing at affordable rents. This measure is one of 12 that the president announced with the intention of tackling the current housing crisis. Specifically, Sánchez declared: “We are going to change the regime of tax advantages that the so-called REITs have. Why? So…
Banco Sabadell: Last December, the company’s Board of Directors approved the distribution of an interim dividend against 2024 results for a fixed gross amount of €0.50 per share, 14% higher than the same dividend in 2023, to be paid on 17 January 2025. After applying a 19% withholding tax, the net amount will be €0.405 per share. The dividend yield is 0.7%. Amadeus maintains a policy of remunerating its shareholders…
Banca March: Job growth in December rebounds to 256,000 new jobs, above the 165,000 expected by the market and also above November’s 212,000 (revised down from 227,000). The employment rate fell by one tenth of a percentage point to 4.1% and the total participation rate remained stable at 62.5%. Moreover, wages climbed at a pace of 3.9% year-on-year (0.3% month-on-month) maintaining a reasonable pace of growth, one tenth below last…